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New Baltimore Development Corp. president William H. Cole IV wants to increase incentives for small and midsize businesses by $4 million annually, boost small city loans for start-up firms by $500,000, and attract 13 international companies to the city. Those are among the goals laid out in a 54-page economic development strategy plan released Tuesday. The city paid two contractors $160,000 to help develop the plan, which incorporated ideas from interviews with more than 200 local leaders in the business, nonprofit and government sectors, and five community meetings, the city said. "Keeping businesses here in Baltimore and helping them grow will continue to be our top...

Related "Baltimore Development Corporation" Articles

New Baltimore Development Corp. president William H. Cole IV wants to increase incentives for small and midsize businesses by $4 million annually, boost small city loans for start-up firms by $500,000, and attract 13 international companies to the...

The amount of money loaned by the city’s economic development arm more than quadrupled between 2013 and 2014, according to an audit of the Baltimore Development Corp. presented Thursday at its monthly board meeting.
The increase in lending by the...

The article, "New BDC plan calls for small-business help" (Nov. 19), makes me wonder how the Baltimore Development Corporation could possibly be serious.
Mayor Stephanie Rawlings-Blake proclaims that "small business is the backbone of...

From the wall-length window in Tyler and Erin Matteau's rented fourth-floor apartment on North Calvert Street, there's a view to the south and, maybe, the young couple's immediate future."Right there," said Tyler, pointing to a building within...

A Baltimore-based nonprofit is preparing to build a commercial kitchen on a blighted tract in East Baltimore, the first step in the creation of a $16 million food production campus.
American Communities Trust plans to use a 31/2-acre parcel at Gay and...

The city has set aside nearly half a million dollars to tear down a crumbling building on property it purchased in west Baltimore about 10 years ago in an effort to spur revitalization in the area, officials said.
Safety concerns – not development...

The Baltimore region has been less affected by federal spending cuts than other parts of the state, helping to make it a bright spot in an otherwise lackluster Maryland economy, a federal economist said Thursday.Employment in the Baltimore region grew...

It's difficult for longtime Baltimoreans to say when exactly the young college graduates started moving into the neighborhoods clustered around downtown. But at some point they were everywhere, some 25,000 of them, toasting at bars, forming kickball...

Customers who shop in Baltimore would have to pay 5 cents for each plastic bag at supermarkets and other merchants under legislation that's making its way through the City Council.
A key council committee voted Wednesday to send the measure to the full...

On sunny days, the harbor sparkles as Under Armour CEO Kevin Plank looks out from his Tide Point corner office. Across the water, he can see Canton and Fells Point, where his development firm is turning Recreation Pier into a 128-room hotel.Plank wants...

A granola company, a cafe and a contracting firm owned by a disabled veteran are the first three recipients of $700,000 in loans from a new Baltimore County program for small minority- and women-owned businesses.
"This relationship has yielded...

The longtime head of the Mayor's Office of Employment Development plans to retire in January.Karen Sitnick, 64, who has worked for the city for more than 30 years, was appointed director of the $24.9 million, 191-person agency in 2000.During her tenure,...

After decades of manufacturing decline in Baltimore, city officials say they believe industry is poised to bounce back — and they want to promote a new education track in city schools to train students for the field.The Computer Numerical Control...

The Baltimore City Council on Monday unanimously approved Federal Hill Neighborhood Association President Eric T. Costello to fill a vacant seat, but several members expressed concern over a process they said lacked true community involvement.Costello,...

To his friends and supporters, Eric T. Costello is just what the City Council needs: a smart, hard-working community president with financial experience that could save taxpayers money.
To his critics, however, Costello is just what Baltimore doesn't...

Mayor Stephanie Rawlings-Blake won praise from clergy and community leaders Friday after calling for a federal investigation into allegations of police brutality — a move that is all but certain to draw added scrutiny on City Hall.
But careful...

We don't have enough evidence to declare the process for selecting a candidate to replace new Baltimore Development Corp. head William Cole a "travesty," as nine of the passed-over hopefuls did in a letter to the City Council. But we can...

In two terms on the Baltimore City Council, William H. Cole IV has earned a reputation as an enthusiastic champion of downtown development.
That history — and his close ties to the business community — make him a great choice to jump-start the...

Fifteen people have applied to fill the vacant 11th District seat on Baltimore City's Council, according to the office of City Council President Bernard C. "Jack" Young.
They are:
Melanie A. Ambridge, a former board member of the...

Nine candidates on Monday called the selection process to chose a new City Council member for Baltimore’s 11th District an “insult” — and demanded a new vote.
In a letter sent to the members of the City Council, nine of 14 candidates said the committee...